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Determine the company ratio of fixed assets

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Question - The following information was taken from Celebrate Company's balance sheet:

Fixed assets (net) $1,681,000

Long-term liabilities 410,000

Total liabilities 1,865,500

Total stockholders' equity 1,435,000

Determine the company's (a) ratio of fixed assets to long-term liabilities and (b) ratio of liabilities to stockholders' equity. If required, round your answers to one decimal place.

Reference no: EM133128330

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